KARACHI: Honda Atlas Cars Ltd (HACL) has increased the price of various models by Rs300,000-Rs550,000 from Monday, citing uncertain economic conditions, inflation in material cost and volatility in foreign exchange rates.

After a jump of Rs300,000, the new price of Honda City MT 1.2L and CVT 1.2L is Rs4.069 million and Rs4.199m as compared to Rs3.769m and Rs3.899m. The price of City CVT 1.5L, City Asp MT 1.5L and City Asp CVT 1.5L has been raised to Rs4.449, Rs4.629m and Rs4.799m from Rs4.139m, Rs4.299m and Rs4.479m, up by Rs310,000-330,000.

With a rise of Rs360,000-400,000, HACL has fixed the price of BR-V S, HR-V VTI and HRV VTI S at Rs5.299m, Rs6.399m and Rs6.599m as compared to Rs4.939m, Rs5.999m and Rs6.199m.

Honda Civic 1.5L M CVT, Oriel M CVT and 1.5L LL CVT now carry new price of Rs6.849m, Rs7.099m and Rs8.099m as compared to Rs6.349m, Rs6.599m and Rs7.549m, showing a jump of Rs500,000-550,000.

In the second week of this month, Indus Motor Company (IMC), the assembler of Toyota vehicles, has raised prices in the range of Rs280,000 to Rs1.2m.

Published in Dawn, January 24th, 2023